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Nissan-Renault draw closer by sharing EV platforms and batteries

Alliance including Mitsubishi Motors to pour $26bn to roll out 35 models by 2030

Nissan Motor, Renault and Mitsubishi Motors believe that by joining forces and sharing resources, they will be able to bring down the prices of electric vehicles. (Source photo by AP and Ken Kobayashi)

TOKYO -- Nissan Motor, Renault and Mitsubishi Motors are forging a closer relationship by sharing new solid-state batteries to bring down the prices of electric vehicles, the carmakers announced on Thursday.

The plan was unveiled at the "Alliance 2030" virtual conference where the three car manufacturers revealed the latest developments in their partnership. They announced that they would jointly pour 23 billion euros ($25.7 billion) over the next five years to roll out 35 electric car models by 2030 using platforms they plan to develop together.

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